Chicago, IL (March 13th, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant shopping center located at 1500 Essington Road, Joliet, IL. The property sold for $1,600,000. The property was fully leased at the time of sale to a mix of local and national tenants including AAA Insurance, CIBC Bank, On the Rocks Bar and Grill and Alterations by Emma. The buyer is a private real estate investor based in southern California. The seller is a real estate investment fund based in California. Chad Firsel, President of Quantum Real Estate Advisors, Inc. and Dan Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc., represented the seller in the transaction.
Mr. Firsel had the following comments regarding the transaction, “We were able to successfully navigate multiple offers on property ultimately getting the Seller the best possible terms. Mr. Firsel continued, “This shows the continued strength and demand within the neighborhood shopping center space.” Mr. Waszak added “Both buyer and seller were able to work through some lease expiration challenges in order to successfully bring this deal over the finish line.”
Quantum Real Estate Advisors, Inc. (www.qreadvisors.com) specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management and financing.